CubeSmart (NYSE:CUBE) Announces Quarterly Earnings Results, Beats Estimates By $0.23 EPS

CubeSmart (NYSE:CUBE) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.45 by $0.23, Zacks reports. The business had revenue of $231.41 million for the quarter, compared to the consensus estimate of $267.54 million. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. CubeSmart updated its FY 2025 guidance to 2.500-2.590 EPS and its Q1 2025 guidance to 0.610-0.630 EPS.

CubeSmart Stock Performance

CUBE stock traded down $1.26 during trading on Friday, hitting $41.28. The company had a trading volume of 1,406,582 shares, compared to its average volume of 1,521,869. CubeSmart has a 1-year low of $39.80 and a 1-year high of $55.14. The firm has a 50-day moving average price of $41.88 and a 200-day moving average price of $47.08. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.02. The firm has a market cap of $9.33 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 11.58 and a beta of 0.87.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.52 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.04%. CubeSmart’s payout ratio is 117.51%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial raised shares of CubeSmart from a “hold” rating to a “buy” rating and lowered their price target for the company from $50.00 to $47.00 in a report on Friday, January 17th. Royal Bank of Canada lowered their target price on CubeSmart from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised CubeSmart from a “sell” rating to a “hold” rating and decreased their price target for the company from $46.00 to $45.00 in a report on Friday, January 10th. Jefferies Financial Group cut shares of CubeSmart from a “buy” rating to a “hold” rating and cut their price objective for the company from $57.00 to $46.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their price objective on CubeSmart from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.18.

About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.